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MFS Mass Investors Gr Stk I (MGTIX) - free report >>
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MFS Mass Investors Gr Stk I (MGTIX) - free report >>
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3 Great Mutual Fund Picks for Your Retirement
It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.
Let's take a look at some of our top-ranked mutual funds with the lowest fees.
Baird Midcap Institutional (BMDIX - Free Report) has a 0.81% expense ratio and 0.75% management fee. BMDIX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. With yearly returns of 11.39% over the last five years, this fund clearly wins.
Deutsche Science and Technology S (KTCSX - Free Report) is a stand out amongst its peers. With a much more diversified approach, KTCSX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. With five-year annualized performance of 11.42%, expense ratio of 0.7% and management fee of 0.45%, this diversified fund is an attractive buy with a strong history of performance.
MFS Mass Investors Growth Stock I (MGTIX - Free Report) is an attractive large-cap allocation. MGTIX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. MGTIX has an expense ratio of 0.46%, management fee of 0.33%, and annual returns of 13.66% over the past five years.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.